The Genesis Concept
Legitimate citizens, folks with a SIN and credstick to prove who they are, use personal or bank accounts. The money in a personal account belongs to you, and only you can authorize a withdrawal, using proper credstick to verify that the order is legal. If you lose your credstick, it can’t be used to loot your bank account unless the thief has the necessary resources to overcome the safety checks that verify identity.
If your money is stolen from a personal account in spite of these checks, and you can prove that it was stolen, the bank has to refund the loss, under the law in every technologically-developed country on Earth.
So what’s so bad about personal accounts? Well, if you don’t have a SIN, you can’t use one. Those that are SINless can’t have a personal account unless they tie it to a fake SIN. And any funds allocated to a fake SIN are confiscated when the fake SIN is discovered.
Tax records are automatically registered when money is deposited to a personal account. In many cases, taxes are automatically deducted from deposits when the income is subject to tax: payment from employment, investment income, payment for freelance work, royalties, etc.
Any transaction paid with cred from a personal account can be traced back to that account, and so to the identity of the account’s owner. A Trace program can do this. Keep in mind that programs like this are illegal for private individuals, not for banks (and the Corps that own them) or government agencies.
Blind accounts are not registered to a given individual, but are the equivalent of the numbered accounts offered by the Swiss for centuries. Anyone with the proper code can access the account. Separate codes are used for deposits and withdrawals. One can safely give deposit codes to other people, to make payments directly into the account. Withdrawal codes are kept very secret.
Blind accounts are available in certain countries (although the Swiss are still at the top). If a Trace program is fed the deposit code for a blind account, it can trace all monies paid into it back to their source. A Trace program that is given the withdrawal code can trace all withdrawals to their recipients. Remember, though, that banks do not want their transactions traced, and their systems will be loaded with nasty defensive software. And if the software is not enough, they can always send a spider out to find the hacker.
Blind accounts charge a 1 % service fee on all deposits.
A crow, short for “escrow,” is similar to a blind account. However, a crow is established with a one-time deposit. It cannot be added to. All records indicating the source of these funds are erased from the Matrix. The bank that maintains the crow backs it with its own funds. A crow only has a withdrawal code. It is possible to trace withdrawals from it, but not the original deposit.
Locked crows are even more secure, in one sense, though vulnerable in another. A locked crow is keyed to one, and only one, highly complex passcode algorithm that is stored in a special credstick, a “crowstick.” The crowstick is a dedicated microcomputer running a unique Complex identity-control program. The withdrawal code is programmed into a resin-sealed, destruct-coded chip onboard the credstick. The credstick’s ID program corresponds to a chip-based program installed in the bank’s computer.
The recognition of withdrawal orders is handled by these chips working in tandem through the Matrix. This redundant, hardware-based security makes it virtually impossible to fake the withdrawal code for a locked crow. You must have the crowstick to get the money.
Locked crows are like certified credsticks in this regard. If you lose the crowcstick, or it’s destroyed; that’s it. You lose the money. If someone steals it, he owns the money.
A Trace program can only trace withdrawals from a locked crow if it has access to the crowstick that controls it, so that it can identify itself to the bank’s computer properly.
There is a service fee of 5% of the amount deposited when a crow is created. In addition, the crowstick costs 200¥. For an extra 2,000¥, a crowstick can be keyed to an individual’s thumbprint. This makes the money effectively robber-proof, but also makes it nontransferable, except through withdrawal.